Gaurav Dahake News

Bitcoin has been on an upward trajectory since the beginning of 2023 and breached the key $30,000 level for the first time in 10 months on Tuesday amid the expectation that Fed will pause interest rate hikes. On January 1st, Bitcoin began trading at roughly $16,500. As of 11th April, the asset has been trading above the $30,000 mark which is close to an 80% gain since January 2023. This is the first time since June 2022, that Bitcoin has reached this level. «The resolute demonstrated by Bitcoin in the past three months emphasizes the optimistic investor sentiment towards the leading cryptocurrency. It also indicates how investors have come to view Bitcoin as a viable alternative in the current climate. This bull run further underscores the faith investors have in the resilience of global macroeconomics, particularly that of the United States,» Gaurav Dahake, Founder & CEO of BNS, said. Bitcoin peaked at $30,438 in Asian trade and was last 6% higher at $30,133. It has gained about 7% since the start of the month, after rising 23% in March.

Gaurav Dahake, CEO, BitBNS, says “you can buy it from any exchange in India by depositing your INR and buying those tokens. You can also take the LRS or Liberalised Remittance Scheme route, where you can send up to $250,000 in a year and buy assets, which is where you can send this money to a Indian brokerage account, which would credit that money into your US brokerage account and then you can take an exposure to the ETF. Certain apps facilitate that. " What happened in the US crypto market and how did the SEC approve the ETF? Overall how many crypto ETFs are we talking about now? Gaurav Dahake: This approval came about on January 10, 2024.

Crypto exchange BitBNS’ founder Gaurav Dahake on March 1, said that some part of the firm’s funds did get compromised on February 1, 2022 but it wasn’t an abnormal scenario. This comes hours after an independent crypto scam researcher, ZachXBT, tweeted that the cryptocurrency exchange was covering up a $7.5 million hack under the guise of system maintenance.

After several users complained of delays in INR withdrawals from crypto Bitbns, the cryptocurrency exchange on July 14 said in a notification on its website that the payment delays were due to issues from "relevant authorities".

crypto trading platform Bitbns has announced Zero TDS on its SIP investments in cryptos. The initiative aims to remove the taxation burden from the investors, encouraging them to undertake systematic investment plans (SIP) to leverage the benefits of rupee cost averaging to counter volatility. Investors availing of SIP for a minimum period of 12 months can invest without worrying about paying the TDS. While there is no minimum tenure for redemption, Bitbns will bear the TDS for SIP investments redeemed after 12 months.

In an attempt to help users circumvent TDS (Tax Deducted at Source) costs and invest long-term, Crypto exchange Bitbns on July 12 launched the Zero TDS mechanism on its SIP investments in cryptocurrency.

CryptoWire and Bitbns exchange have entered into an agreement for listing IC15, India's first global crypto index. The index was launched by CryptoWire on January 3, 2022. CryptoWire claims to be a global crypto super app, whereas Bitbns is a homegrown crypto exchange. However, trading of IC15 on Bitbns exchange will begin from April 1, 2022, the new financial year. With the commencement of trading on IC15, market participants, individuals and institutions, get the advantage of spreading their risks by taking a view on the entire market versus concentrated risk on a single currency, according to a release.

With wars come worries and uncertainty and that is exactly what has been visible in how global markets have been reacting to Russia’s invasion of Ukraine. Stock markets plunged in trade on February 24 after Russian President Vladimir Putin announced a military operation, and cryptocurrencies were not spared from the aftermath.